AIXBT/USDT 1H: Hidden Bullish Divergence – Potential Reversal??!

AIXBT/USDT 1H: Hidden Bullish Divergence – Potential Reversal at $0.1850?
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Current Market Structure:

• Price at $0.1776 is exhibiting a bearish distribution pattern with lower highs.
  
• Clear resistance is observed at $0.1850.
  

Market Maker Activity:

• Accumulation is evident in the $0.1700-0.1750 zone, suggesting that institutional players are positioning for a reversal.
  
• Smart Money appears to be building positions at these levels.
  

Technical Indicators:

• Hidden bullish divergence is present on RSI at 46.36 relative to price action, signaling potential for a reversal despite the bearish setup.
  

Trade Setup (Confidence 8/10):

• Long Entry: At $0.1776.
  
• Targets:
  
• T1: $0.1850
  
• T2: $0.1950
  
• Stop Loss: Place at $0.1700 (below key support).
  

Risk Score:

• 7/10 – Favorable risk-to-reward, with clear entry, target, and stop levels.
  

Key Levels:

• Support: $0.1700, $0.1650
  
• Resistance: $0.1850, $0.2000
  

Recommendation:

• Recommend a cautious long position given the accumulation signals and hidden bullish divergence.
  
• Maintain tight stops below $0.1700 to manage risk effectively.
  
• Monitor price action near $0.1850 for further confirmation of upward momentum.
  

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